Glossary | Veteran Wealth Guide

Roth IRA: An individual retirement account funded with nondeductible contributions. Qualified withdrawals are tax-free; eligibility and withdrawal conditions apply.
VA Disability: VA disability compensation is a benefit for qualifying service-connected conditions. Evidence and the type of claim matter.
401(k): An employer-sponsored retirement plan that allows employees to contribute part of their pay. Plan features, matching contributions, and investment options vary.
Brokerage Accounts: Accounts used to buy and hold investments. Here, a taxable brokerage account means one outside a tax-advantaged retirement account.
P&T: Short for permanent and total disability. Review your VA decision and benefits documents with an accredited representative to understand your status and any related eligibility.
Early Retirement: Leaving or reducing paid work before the usual retirement timeline. Planning includes spending, accessible savings, health coverage, and later income.
Diversification: Spreading money across investments to reduce concentration risk. It does not guarantee a profit or prevent every loss.
Expense Ratio: A fund’s annual operating expenses expressed as a percentage of its assets. Other investment or account costs may apply.
Emergency Fund: A cash reserve for unexpected expenses or income interruptions. The right size depends on your circumstances.

Financial language, made clearer.